Shopify posts strong revenue growth, adjusted profit
FILE PHOTO: Canadian e-commerce company Shopify Inc logo is shown on a computer screen in the illustration photo in Encinitas, California May 3, 2016.
REUTERS/Mike Blake/File Photo
TORONTO: Shopify Inc posted a 72 percent increase in third-quarter revenue as the fast-growing Canadian retail software company reported an adjusted profit for the first time as a public company and increased its fourth quarter forecasts.The Ottawa-based company's net loss on an unadjusted basis was US$9.4 million, or 9 cents per share in the quarter, compared to a loss of US$9.1 million, or 11 cents per share, a year earlier.On an adjusted basis it made 5 cents a share.(Reporting by Alastair Sharp; Editing by Chizu Nomiyama)
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